Gaiax Co.Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 37 times, Exceeds Full-Year Plan

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Tue Nov 12, 2024 4:00 pm JST Earnings

3775 Gaiax Co.Ltd. 【J-GAAP】

Earnings Report

Gaiax Co.Ltd. <3775> [NSE-N] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) surged by 37 times that of the same period last year, reaching 446 million yen. The progress rate against the full-year plan of 320 million yen is 139.4%, already exceeding the target and also exceeding the same period of the previous year of 7.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 126 million yen (compared to a profit of 140 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 33 times that of the same period last year, reaching 496 million yen. The operating profit margin drastically improved from 2.1% in the same period last year to 42.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,936	-51	-16	-4	-1.0	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	1,897	0	12	139	27.3	7.9	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	2,563	426	446	451	88.5	139.4	Nov 12, 2024	J-GAAP
YoY	+35.1%	－	+3,616.7%	+224.5%	+224.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,453	148	155	154	30.2	5	Feb 16, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,915	372	370	364	71.3	5	Aug 9, 2024	J-GAAP
YoY	+31.8%	+151.4%	+138.7%	+136.4%	+136.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,597	-210	-174	-341	-69.5	0	Feb 15, 2023	J-GAAP
Dec, 2023	2,717	135	152	279	54.8	10	Feb 16, 2024	J-GAAP
Dec, 2024 Guidance	3,300	300	320	320	62.7	55	Aug 9, 2024	J-GAAP
YoY	+21.5%	+122.2%	+110.5%	+14.7%	+14.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	633	13	15	14	2.8	2.1	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	820	135	140	140	27.5	16.5	Feb 16, 2024	J-GAAP
Jan - Mar, 2024	767	-1	10	9	1.9	-0.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	618	-71	-60	-53	-10.6	-11.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,178	498	496	495	97.1	42.3	Nov 12, 2024	J-GAAP
YoY	+86.1%	+3,730.8%	+3,206.7%	+3,435.7%	+3,431.6%